Properties

PROPERTY DETAILS
Property Description :

To investors an excellent opportunity to purchase a stand-alone NNN Burlington. Originally a 15-year lease, with 6.5 years remaining, & a rental increase in 3 years of 10%.
Westdale is strategically located on Edgewood Rd with seamless access from Hwy 30 & I-380, giving investors the opportunity to purchase an infill shopping center in a growing and positive area of the Corridor.
Originally built in 1979, Westdale was originally comprised of a 900,000 SF traditional two-story enclosed Shopping Mall. In 2014, the mall went through a transformative redevelopment. Now boasting five major big box retail buildings and numerous development pads across 40 acres, Westdale is a vibrant hub of commerce and community. With a diverse tenant mix, including PetSmart, Ross Dress for Less, Michael’s, Burlington, JCPenney, GSA (VA Clinic) & more, 100% occupied, drawing from local, regional, & national markets.

Property Type : Commercial Sale
Listing ID : 2406085
Listing Type : For Sale
Price : $6,595,555
Year Built : 2016
Lot Area : 3.24 Acre
Building Area Total : 40400
Lease Amount Unit : Dollars Per Square Foot
Property Type : Retail
Area : OT-W (West of I-380)
Listing Status : Active
Property Sub Type : Retail
Roof : See Remarks
Property Subtype : Retail
Property Description

To investors an excellent opportunity to purchase a stand-alone NNN Burlington. Originally a 15-year lease, with 6.5 years remaining, & a rental increase in 3 years of 10%.
Westdale is strategically located on Edgewood Rd with seamless access from Hwy 30 & I-380, giving investors the opportunity to purchase an infill shopping center in a growing and positive area of the Corridor.
Originally built in 1979, Westdale was originally comprised of a 900,000 SF traditional two-story enclosed Shopping Mall. In 2014, the mall went through a transformative redevelopment. Now boasting five major big box retail buildings and numerous development pads across 40 acres, Westdale is a vibrant hub of commerce and community. With a diverse tenant mix, including PetSmart, Ross Dress for Less, Michael’s, Burlington, JCPenney, GSA (VA Clinic) & more, 100% occupied, drawing from local, regional, & national markets.

Features
: See Remarks
: Storage
: Public Sewer
: See Remarks
: Display Window(s)
Address Map
US
IA
Linn
Cedar Rapids
52404
Westdale
3475
Drive
From Hwy 30 take exit 250 toward Edgewood Rd. Turn right on to Edgewood Rd SW. Turn left onto 29th Ave SW. Turn right toward Westdale Pkwy SW. Turn left onto Westdale Pkwy SW. Turn right to Westdale Dr.
OT-W (West of I-380)
SW
S-MR
More Information
Cushman & Wakefield Iowa Commercial Advisors
Ryan Fitzpatrick
$0
$0
$0
Additional Information
: See Remarks
See Remarks
60113
2024-08-26
https://www.propertypanorama.com/instaview/cdr/2406085
: Public
Financial
137320.0
Listing Information
Parker Ridge
RIDGEPARKER121
CCWICA
Cushman & Wakefield Iowa Commercial Advisors
FITZPATRICKR121
CCWICA
Cash
Active
2024-09-30T15:19:22Z
CDR
2024-09-03T13:30:44Z

3475 Westdale Drive Sw, Cedar Rapids, Iowa 52404

3475 Westdale Drive Sw, Cedar Rapids, Iowa 52404

  • Lot Area: 3.24 Acre
List Price: $6,595,555.00
Listing ID#2406085
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Q4 Agents

JASON ROGERS

Broker

1950 Boyson Road Hiawatha, Iowa 52233

Contact Jason Rogers:

319-361-3958 jrogers@Q4realestate.com

CRAIG BYERS

Realtor, CCIM

1950 Boyson Road Hiawatha, Iowa 52233

Contact Craig Byers:

319-360-7017 cbyers@Q4realestate.com

AUSTIN GEASLAND

Realtor

1950 Boyson Road Hiawatha, Iowa 52233

Contact Austin Geasland:

319-893-3279 ageasland@Q4realestate.com

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